Uncertainty, Profits, and International trade/Incertidumbre, beneficios y comercio internacional

Autores/as

  • Frew Hailou Department of Behavioral and Social Sciences

DOI:

https://doi.org/10.15665/re.v11i2.54

Palabras clave:

Comercio internacional, localización, niveles de beneficios económicos

Resumen

Este estudio observa el impacto de la incertidumbre y de los beneficios reducidos en el comercio internacional. Usando un
modelo teórico único, encontramos que la lejanía se asocia con cantidades importantes de costos en el comercio. De hecho,
nuestro estudio muestra que por cada dólar adicional de costos comerciales incurridos debidos a la lejanía y a la falta de
acceso jurisdiccional se reducen los beneficios hasta en $ 0.91. Tales situaciones precipitan la influencia negativa considerable
en los niveles de beneficios económicos, lo cual trae como consecuencia una reducción de las actividades comerciales
relacionadas. Usando un modelo de gravedad y datos de 84 países, probamos el impacto de la localización geográfica en
los volúmenes de comercio. Nuestro resultado fortalece la validez de nuestros supuestos teóricos y corrobora hallazgos de
estudios similares.

Citas

Alexander,Volbert and Martin Mandler (2006) “Economic Integration, Uncertainty, and Trade: The European Experience”

Barkoulas et al. (2002). “ Exchange Rate effects on the Volume and Variability of Trade Flows” Journal of International

Money and Finance, 21 (4) 481-496.

Barro, Robert and Sala-i-Martin. (1999). Economic Growth. MIT Press.

Blanchflower, David and Andrew Oswald (1990) “What Makes a Young Entrepreneur” Journal of Labor Economics 26 (1):

-60.

Bourgheas, S et al. (1999), “Infrastructure, transport costs, and trade”, Journal of International Economics, 47, 169-189.

Bruce, Donald and Douglas Holz-Eakin (2001) “Who are the Entrepreneurs? Evidence from Taxpayer Data” Journal of

Entrepreneurial Finance and Business Ventures 1 (1): 1-10.

Butzen, Paul, C. Fuss and Philip Vermeulen (2002) “The Impact of Uncertainty on Investement Plans” National Bank of

Belgium working papers – Research Series

Calvo, Guillermo and Stanislaw Wellisz (1980) “Technology, Entrepreneurs, and Firm Size” The Quarterly Journal of Economics

(4) 663-677.

Canning, David (1998), “A database of world infrastructure stocks, 1950-1995”, Washington, D.C., World Bank research

paper.

Carcamo-Diaz, R. (2004) “Towards development in landlocked economies” United Nations Commission for Latin America

and the Caribbean (ECLAC/CEPAL)

Clark, X., David Dollar and Alejandro Micco (2004) Port Efficiency,Maritime Transport Costs and Bilateral Trade NBER

working papers 10353

CIA (1989-2005) The World Factbook. http://www.odci.gov/cia/publications/factbook/index.html

Chatterjee, L and T. R. Lakshman (2005) “The Entrepreneurial City in the Global Market Place.” International Journal of

Entrepreneurship and Innovation Management

Claus and Li (2003) “New Zealand’s Production Structure: An International Comparison” New Zealand Treasury, Working

Paper 3 (16)

Diamond, Jared (1999) “Germs and Steel: The Fates of Human Societies” New York: W. W. Norton

Doci. G, K. Pavitt and L Soete (1990) The Economics of Technical Change and International Change. New York: Harvester,

Wheatsheaf

Elborgh-Woytek, Katrin (2003) “Of Openness and Distance: Trade Development in the Commonwealth of Independent

States 1993-2002”

Fonseca, R. P. Lopez-Garcia and C. A. Pissarides (2001) “Entrepreneurship, Start-Up Costs and Employment” European

Economic Review 45 (4): 692-705.

Frankel, J. and Romer, D. (1999). “Does Trade Cause Growth?.” American Economic Review. 89 (3) : 379-399.

Hamilton, Barton. (2000) “Does Entrepreneurship Pay? An Empirical Analysis of the Returns of Self-Employment” The

Journal of Political Economy 108 (3) 604-631.

Head, K. (2003) “Gravity for Beginners,” mimeo.

Heston, A., R. Summers and B. Aten (2002) Penn World Table Version 6.1, Center for International Comparisons at the

University of Pennsylvania (CICUP)

Hummels, David (2001) “Time as a Trade Barrier” GTAP working papers # 1152.

Limao, N. and A. Venables (2001) “Infrastructure, geographical disadvantage, transport costs and trade”, The World Bank

Economic Review, vol 15 no. 3 451-479

MacKellar, L, Worgotter, A. and Worz, J. 2000: Economic Development Problems of Landlocked Countries. IHS working

paper no. 14 Institut fur HohereStudien: Vienna.

Micco, A. and Pérez, N. (2002): “Determinants of Maritime Transport Costs” Inter-American Development Bank. Research

Department Working Paper # 441.

Moneta, Carmellah (1959) “The Estimation of Transportation Costs in International Trade” Journal of Political Economy,

LXVII 41-58.

Radelet, S., J. Sachs and Jong-Wha Lee, (1997) “Economic growth in Asia” mimeo Harvard Institute for International Development,

Development Discussion Paper No. 609

Rodriguez and Rodrick (200) “Trade Policy and Economic Growth: A skeptics guide to the Cross-National Evidence”

NBER Macroeconomics Annual.

Schumpeter, Joseph (1934). The Theory of Economic Development. Cambridge, Mass.HarvardUniversity Press.

Shiue, Carol H. (2002) Transport Costs and the Geography of Arbitrage in Eighteen Century China. American Economic

Review 92 (5) 1406-19.

Tinbergen, Jan. (1962) “An analysis of World Trade Flows in Shaping the World Economy”New York: The Twentieth Century

Fund.

Wacziarg, Romain and Karen Welch (2003) “Trade Liberalization and Growth: New Evidence” NBER Working Paper #

Descargas

Cómo citar

Hailou, F. (2014). Uncertainty, Profits, and International trade/Incertidumbre, beneficios y comercio internacional. Encuentros, 11(2). https://doi.org/10.15665/re.v11i2.54